COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 24 June 1937, Page 14

COMMERCIAL NEWS

Hllllllllllllllllilll STOCK AND SHAKE MARKET

WELLINGTON STOCK EXCHANGE

WEDNESDAY, 23rcl JUNE, 1937.

AUSTRALIAN SHARE MARKETS [Dnitod Preßß AHeooiatioo-By Eleotria Tolesraph—Copyright] MELBOURNE, 22nd June. Bonds are steady with leading industrials, barriers, and gold shares easier, G J. Coles were down to £5 4s with some discussion as to the probable next dividend. Sales: Commercial Bank of Austra-

IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIUIIIIIIIIIIII lia, 18s 7d; National Bank, £5 paid, £7 4s 8d; National Bank, £lO paid, £l4 9s; Howard Smith, 20s lid; Carlton Brewery, 64s 3d; G. J. Coles, £5 4s; Drug Houses, 26s 6d. Dunlop Perdriau, 22s 8d; pref. ,36s 6d; General Motors, 245; Kauri Timber, 23s 9d; Felt and Textiles, 355; Melbourne Electric Stock, 17s sd; Cox Bros., 755; Yarra Falls, rights, 7s 3d. Mt. Morgan, 12s sd; Mt. Lyell, 41s lid; Broken Hill Proprietary, 78s 9d; North Broken Hill, 71s Gd; South Broken Hill, 47s 9d; Emperor, 15s 9d; Loloma, 19s.

SYDNEY, 22nd June,

Good-class industrials were generally steady on the Stock Exchange to-day, but the turnover was limited. Metal shares were weaker.

Sales: Bank of New South Wales, £36; Commercial Banking Co. of Sydney, £2l 18s; National Bank, £5 paid, £7 ss; Bank of New Zealand, 43s 9d; Colonial Sugar, £47 15s. Associated News, pref., 23s Australian Gas, A, £7 10s; Tooths, 55s 3d; G. J. Coles, £5 3s; Dunlop Perdriau, 22s 6d; pref., 36s Gd; Morris Hedstrom, 30s.

Pitt, Son and Badgery, 48s fid; Kandos, 255; Felt and Textiles, 35s 3d; Mark Foy, 25s 9d. Woolworths, sale at £7; Woolworths, rights, sale at 80s Gd; WoolwoiVis, New Zealand, buyer at £7 17s 6d, seller at £B.

General Industries, 20s; David Jones, 41s 9d; Anthony Hordern, 19s 3d. Morning sales included: Commonwealth bonds, 33 per cent, 1951, £IOO 10s; 4 per cent., 1938, £lOl 12s Gd; 1044, £lO3 18s fid; 1961, £lO3 16s 3d; Bank of New South Wales, £36; Australian Gas, A, £7 9s 6d; Tooths Brewery, 55s 3d; Anthony Hordern, pref., 22s fid; Broken Hill Proprietary, 78s fid; and new, 73s 9d; Electrolytic Zinc, 545; General Industries, 20s; Henry Jones, 47s Gd.

D. R. Edwards (F. and D. Edwards, Ltd), Sharebroker, Country Member of Wellington Stock Exchange, Trafalgar street. Telephone 208. F. G. i’wiss, Sharebroker, Country Member of Wellington Stock exchange 100 Trafalgar street. Telephone 427. Vercoe, Gilbert and Boyes (N A Vercoe, Country Member Wellington Stock Exchange). Sharebrokers, Trafalgar street, Nelson Telephone 401 P.Q Box 74 Telegraphic Address" Verboy " Securities Corporation (N.Z.) Ltd., Stock Brokers and Investment Consultants. Brunches throughout New Zealand. 173 Bnrdy-st, Tel. U 4&. PRICES OF BASE METALS LONDON, 22nd June, The olficial London (middle) quotations, as reported by the Australian Mines arid Metals Association, compare with those previously cabled us follows: Juno 21. June 22. Per ton. Per ton.

FARMERS’ TRADING CO. I United Pr. <* ABsocJatlon] AUCKLAND, 23rd Juno. At the unnual meeting of the Farmers’ Trading Company to-day, the chairman of directors, Mr A, A. Ross, said the turnover approximated £2,000,000. Gross profits were £405,875, and after allowing for depreciation and outgoing expenses, the net profit was £104,235. The directors recommended payment of a dividend of 7 per cent, on the ordinary shares. During the year shares to the value ot £179,649 were taken up, increasing the number of shareholders by 1200. Replying to a question, the chairman said that although they had disposed of their Queen street lease to Shillings, Ltd., there was nothing to prevent them opening a store in Queen street, or elsewhere, if it suited them to do so.

Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVT. LOANS— 3£% lnscr. Stock, 0 15/9/1939-43 10110 — 34% lnscr. Stock, 15/9/1934-43 34% lnscr. Stock, 10110 10110 0 0 — 15/3/1941-43 34% lnscr. Stock, 15/9/1941-43 10110 0 — 34% lnscr. Stock, 0 15/11/1038-52 ... 34% lnscr. Stock, 102 0 102 0 0 15/5/1939 52 34% lnscr. Stock, 102 0 0 15/11/1941-52 ... 34% lnscr. Stock, 15/5/1941-52 4% lnscr. Stock, 104 5 0 102 0 0 15/2/1943-46 4% lnscr. Slock, 104 5 0 15/4/1946-49 4% lnscr. Stock, . 0 15/6/1952-55 4% Bonds, 15/6/ 10210 1952-55 102 15 0 — OTHER DEBENTURESAnial, Brick, VVgtn. N.Z. Fanners' Co-op 99 15 0 44 p.c., 1045 ... — 91 0 0 Grand Central Bldg. BANKS— — 60 0 0 Australasia Comm, of Aust. — 12 13 6 0 18 4 0 18 7 Conun, of Aust. 9 3 0 •••••' New Soutli Wales ... ' — 36 0 0 New Zealand 2 3 3 2 4 3 Now Zealand D Long 1 6 0 -— Union of Aust, financial10 12 6 — Abraham and Williams 4 5 0 Unlgety and Co. ... Uoldsbrough, Most, 10 16 0 and Co ...* 1 16 2 1 16 6 N.Z, Guarantee Corp 0 4 10 0 5 2 Wright, Stephenson, 1 0 (ord.) 9 — (JAfc— Gisborne , 0 10 0 Eoilding 0 2 0 — INSURANCE— National of N.Z. ... 0 17 1 Queensland — 2 19 6 Standard — 2 19 6 MEAT PRESERVING— Gear Meat * 0 16 1 — N.Z. Refrig. (10s) — 0 8 11 woollenKaiupoi _ 0 13 9 0 19 3 Prestige, N.Z, (prof.) — 1 4 0 Wellington (pref.) ... 5 17 6 0 19 6 COAL— Kiutangata — 1 2 6 Taupiri 0 16 0 Wostport - Stockton Westport • Stockton — 0 2 7 (prof.) * O 4 11 TIMBERKauri ,* 1 3 10 0 6 1 Taup 0 Totara (ord.) — 0 9 2 Taupo Totara (pref.) Taupo Totara (16s 1 0 0 paid, prof.) — 0 15 9 BREWERIES— N.Z. Breweries ...t N.Z. Broweries - 2 8 0 (rights) 1 2 0 1 2 4 3 Staples and Co. ... Tooth and Co. ...... 2 11 2 15 3 .MISCELLANEOUSAnthony Hordern ... — 0 19 0 Broken Hill Pty. ... Burns, Pbilp, and 3 18 0 3 18 3 Co 3 11 9 ' p Claude Neon Lights (N.Z.)' (rights) ... — 0 6 0 Colonial Sugar Consol. Brick and 47 10 0 Pipe 0 7 4 Dental end Medical Supply — 0 12 9 D.l.U. (ord,) — 0 17 3 Dunlop Perdriou ... — 1 2 5 Electro. Zino (ord.) Electro. Zinc (8 per 2 12 6 2 13 3 cent, part pref.) ... 2 14 6 2 15 6 General Industries . 1 0 1 Q J. Coles 5 2 0 5 4 6 Howard Smith (ord.) — 1 0 9 MacDuffs (pref.) ... 1 5 9 Morris Hedstrom * 1 9 0 ,, N.Z. Drug 3 16 0 Procora Bread (ord.) Sharland and Co. — 1 4 0 (ord.) 0 19 0 4 5 Taranaki Oil Woolworths (N.Z.) 0 3 11 6 (ord., cum rights) 8 0 0 Woolworths Ltd. (2nd pref.) 1 7 fi fiackshalls, Ltd. ... 0 15 0 Myers Emporium ... 1 15 9 1 16 9 Rudio (1936) Ltd. ... MINING1 2 3 — Gillespie's Beach * Nemona 0 1 61 — O 1 7 Waihi Investments 0 12 6 vvaihi Grand June. AUSTRALIAN- — 0 3 0 Broken Hill South + •-W. 2 8 9 Mount Lyell + 2 0 9 2 1 2 Mount Morgan 0 12 0 0 12 5 North Broken Hill * 3 11 6 Placer Development 4 2 6 Rawang Tin — 0 12 0 , UNOFFICIAL LIST Buyers. Sellers. £ s. d. £ s. d. Woolworths, Ltd, McKenzie's Dept. 6 19 9 7 0 6 Stores rr 4 0 6 Golden Bay Comont ‘'A" Debs Golden Buy Cement O' 16 0 — “B 1 ’ Dobs. 0 16 0 7 — Matters (N.Z,), Ltd. — 0 12 6

£ 8. d. £ s, d. Copper— Standard, spot ... 52 11 3 53 1 3 Ditto, forward 52 8 9 52 15 0 Electrolytic 59 10 0 59 10 0 to 61 10 0 59 10 0 Wire bars ...... 61 10 0 61 10 0 Lead — Spot 21 12 6 21 18 9 Forward 21 8 9 21 15 0 Spelter— Spot 20 8 9 20 12 6 Forward 20 8 9 20 12 6 TinSpot 245 10 0 245 17 6 Forward 244 12 6 245 5 0 Silver— Standard, per oz Fine 19 13.16d 21 3-8d 19]{d 21 5-16d